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Silversqueeze

XAGUSD vs XAGCAD? More important than you might think.I have been looking at XAGUSD vs XAGCAD, with the theory that the relative performance of the pairs could be a signal. In this scenario, CAD should be thought of as a proxy for commodities, of which Silver is just one. The USD is acting as a measure of the wider economy, and the role Silver plays in it. Starting with the long term then, some general notes. The CAD (main chart) persistently pegs more closely to the price of silver, as you might expect. It has lower highs, and higher lows. Priced in Silver, CAD is less volatile. USD on the other hand, fluctuates above and below this line, with important potential observations. Notice the considerable difference between the two charts today, a potential for catch up is coming? We can see highlighted important regions. In green, the 2011 Silver and commodity bull market. Silver in USD significantly outperformed, more detail on that later. In red, we see the 2011 to 2020 bear market. Significant under performance of silver is highlighted. We will see some more detail of that in a bit as well, as there are some important differences today. Finally, the period today is highlighted, which appears to be under performed. More on that later. Next, let's get more into the thesis. Here is the consolidation phase of the 2008 bear market. We see persistent and significant out performance, almost without exception from where you set the time scale. The difference grows to as much as 30% in several parts, all before the real bull market begins. Most of this can be seen around $25, which was the previous interim top from 2006. The Silver Bull Market. The growth in XAGUSD continues throughout the process. The top in this cycle is amazingly formed as CAD reaches it's highest point in 40 years vs the USD, in April of 2011. Two months later, the CAD begins it's 30% retreat to the twenty year lows. Measured from December 2008, the performance of XAGUSD peaks in the region of +100% vs XAGCAD (This depends on the start and end date of course). The Crash; Although not obvious initially, the XAGUSD Line dips below XAGCAD and stays below, which seems to confirm this bear market. This limits this relationship for picking tops, I admit. The bear market 2011 to 2016. I've highlighted how the market consistently fails to outperform XAGUSD vs XAGCAD. Even during the 'Bull' run of 2016, there is only a brief, 3 month period where it is even possible to show out performance of XAGUSD, from Nov 2015 to Mar 2016. Move the chart and see for yourself. This signal is squashed even before the bull market begins, which could have been a warning sign as XAGUSD failed to break out relative to XAGCAD. 2016 to 2020. A mixed signal? The consolidation of 2016 to 2020 was mixed, there was no clear under performance, but neither did it outperform. Using the full consolidation phase, we cannot see a breakout today. Today; While no breakout is clear, there are perhaps signs this has changed with this current phase. From the March lows, we can now see Silver in USD is clearly outpacing Silver in CAD, although not yet by as much as in the 2008-2011 cycle. This could mean either; The signal is registering a false breakout. Although unlike the 2016 and earlier interim tops, this out performance has lasted almost a full year. Something that has not happened since 2008. We are still in the early stages of this bull market. Look for this comparison to breakout with a 20 to 30 point difference. This is not hard to see as possible, considering how far XAGUSD needs to catch up just to where XAGCAD is today. And considering that when it does, it tends to overshoot, this could be further confirmation that this party has just started. Takeaways; Look for this comparison to breakout to the upside 20 to 30 points, which could then continue for months to years. A spike in the USD is not out of the cards as always, and would be negative for this relationship. If XAGUSD remained neutral in that scenario, I would be very bullish however. This relationship currently has about 10% cushion to allow that without dropping XAGUSD below XAGCAD. A spike in the USD driving this ratio down would also need to persist for several months to indicate this is not Silver's time. Top in the relationship should be formed by a significant high in the CAD.
FX_IDC:XAGCADLong
by petrykdoug
2
Long silverSilver's is undervalued comparing to real inflation adjusted silver. Gold reached ATH in august while silver raised to 30$ which is not near as it's ATH of 50$. Technically silver is now where gold was in 2019. when it broke 7 years consolidation period. It's is real asset which has industrial use and investment asset as well. Green technologies have high demand for silver. Money printing and quantitative easing in 2020 injected large amount of new money to system. However, that money is in savings account and/or invested in stock market which is on ATH and overvalued in middle of recession caused by pandemic which is still present. When business which are now surviving for existence start working normal, people start spending as usual, then prices can be adjusted according to current supply of fiat money. Markets trade future and this is fundamentally very bullish for precious metals and all commodities as well, but especially silver. Gold/silver ratio is falling but still did not reach natural ratio of 1:15 while it is about 1:70. This means that silver has highest potential among commodities to get enormous returns, especially with rumors regarding short squeeze. I will be targeting ATH and beyond, possible triple digit silver in a few years. Disclaimer: This is not financial advice, just my opinion
TVC:SILVERLong
by NikolaXAG
AG to Fill Gaps and Rise!AG has left a couple of gaps on its way down in the last couple weeks. We believe these gaps need to be filled, therefore we see a rise in AG! Of course every analysis has its own story and ours could play out totally wrong, but we believe the odds are in our favor. Right now, the orange uptrend line is being used as resistance. If the orange line breaks, next target for AG would be $24 and if that breaks then $27. At that point, we will realize our profits. If in the case AG plot twist on our story and decides to go down, then the purple line would be first support, followed by the very large bottom orange line support. - HH
NYSE:AGLong
by HH_Analysts
6
🥈Is the silver squeeze over? Things to look out forIf silver cannot break out of this bear flag to the upside, $25 seems likely leaving the people who bought in the #silversqueeze trapped, if trapped sellers rush to the exit and sell, price can waterfall down to $22-19 making it a great buy area to go long. For a valid breakout, we should re-test the gap and it should act as support, in this example it has failed. For bulls to take control they need to break out of this bear-flag and quickly recover $30. With the dollar rallying along with UST10 year, lower seems the path of least resistance for now.
COMEX:SI1!
by BangkokCharts
Reddit Traders Are Taking Aim at Silver stock $LODE$LODE Would also be one of my top picks if we are entering a Silver Bubble over the next month. You can clearly see that it's a reverse split and has the lowest float for a silver miner that I could find. This came after a surge in retail trading pushed the price of silver to an eight-year high. As the war between Reddit board traders and hedge funds continues, it seems to me that a “silver squeeze” could be imminent. Popular subreddit r/WallStreetBets (WSB) could be hinting to bank on silver stocks, which sent prices of the semi-precious metal sharply higher late last week. In detail, one Reddit poster mentioned that the silver bullion market could also be one of the most manipulated on Earth. The user also encouraged many other retail investors to trigger a short squeeze in silver paper shorts. Now to be fair, we know that there is a strong demand for the uses of silver. From solar panels to electric cars and electronics, silver has an enormous appeal as a precious metal and industrial asset. Could silver stocks be the next target for Reddit day traders and their crowdsourcing power? If so, we could be seeing another rally that GameStop (NYSE: GME) has enjoyed so far this year. Whether or not WSB’s obsession with silver is short-lived remains to be seen, but there’s no question that $LODE stock and other top silver stocks are heating up right now. With all that being said, do you have a list of top silver stocks to buy amid silver’s rapid rise? www.nasdaq.com
AMEX:LODE
by AlenCiken
1
Silver - impulse after correctionIn our previous analysis about the silver market, we have mentioned about the possible end of the ABC correction. We described it as a running correction where wave C consists of 5 fives. As a consequence, the market seemed to be ready to create another impulse wave which occurred at the of the previous week and today. From the technical point of view if the previous top is broken the market may move to 161,8 Fibo expansion or even to 261,8 Fibo expansion at 31 or 35 USD per ounce. What is more, the line drawn through the tops was also broken which may indicate the strength of the trend. It seems that only a move below that line may show the weakness of the bulls. ________ Daniel Kostecki, Chief Analyst Conotoxia Ltd. Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results. 76.44% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
COMEX:SI1!
by Daniel_Kostecki
PSLV Schedule Accelerated?A potential cup and handle pattern was forming around a possible wave 2/wave 3 transition that would have finished in a bigger move that roughly lined up with $50 silver around the end of the year. The initial move off the March low didn't follow fib levels but does resemble a 5 wave move followed by some consolidation so it was primed for a move which is the basis for the wave 1 theory. Wave 2 bounced to plan then fell back but held the 61.8. But now the silver squeeze is gonna rocket this for at least a couple of days then there could be a violent retrace smashing the cup and handle to pieces. The wave 3 range had plenty of room for some major volitility so the long gane is still on. First publish, so probabaly rubbish.
AMEX:PSLVLong
by g-man_
SILVER: THE SQUEEZE OF THE CENTURY (/ SEVERAL CENTURIES...?!?!)SILVER & XRP ... IT'S THIS EASY, PATRIOTS!!! THE TRUTH IS... IF YOU'RE HERE FRETTING OVER CHARTS & TECHNICALS, I DON'T THINK YOU REALLY GRASP THE MAGNITUDE OF WHAT'S ABOUT TO HAPPEN & FOR THAT ALL I CAN SAY IS PLEASE FOR THE SAKE OF YOUR FUTURE SELF, FIGURE OUT A WAY TO SECURE AS MUCH PHYSICAL SILVER (AS WELL AS THE DIGITAL ASSET "XRP" WHICH I'VE LINKED A CHART TO BELOW) AS YOU POSSIBLY CAN... EVEN MAX OUT THOSE CCs (this is not financial advice, but they're going to reset all of the debt anyway sooooo may as well protect yourself with as much of the final credit ammo they're handing out haha...) THESE THINGS ***ARE*** HAPPENING -- AND THEY'RE HAPPENING LITERALLY AS I TYPE THIS. GOD SPEED AND GOD BLESS... THESES ARE SURE TO BE BUMPY & HIGHLY VOLATILE TIME, BUT I COULDN'T BE MORE GRATEFUL OR EXCITED FOR ALL THAT'S IN STORE FOR US. SEE YOU GUYS IN OUTER SPACE! JACKIE GATSBY
OANDA:XAGUSDLong
by buylowsellhigh89
The Squeeze of the century (180% Target) GME WHO?I'm sure everyone is only reading this because you have heard of the #SilverSqueeze that's trending everywhere. If you are congrats. You're smart enough to know that investing in Miners is the smartest play of them all, which will most likely yield the greatest returns. I'm not going to give my full Investment thesis, because I don't feel like typing that much (Look at my other ideas I'm already breaking records with more than 1 sentence). So I will break down the whole #SilverSqueeze situation very simply So. Banks around the world manipulate silvers price by inflating the amount that exists artificially (Paper contracts) Because of this many Banks and institutions are massively short on silver. With the inflating of supply with these paper contracts (Let's call it fake silver), they aren't actually storing as much physical silver as they normally should be. Now to mess up the banks people are buying a bunch of physical silver (that banks don't have a lot of) to not only clear their vaults that are already low in volume already (The lowest in history) but to raise demand. Not only will this increase the price of silver, but it will also liquidate their massive short positions, thus causing a short squeeze sending us to the moon. Why AG? We are playing AG because it's a silver miner, and the demand for them will inevitably skyrocket when these banks/institutions will need more silver to meet the demand. Since #SilverSqueeze, AG has been the leader in the Silver sector gaining almost, 60%+ in the past couple of days. Also, it had the highest short interest in its history :) You know what that means? Thats right. Double squeeze, One when silver squeezes and one when AG squeezes. If you don't believe in my fundamental case, I don't care. Look at the chart. That's the most beautiful thing I've ever seen in my god damn life. Don't ask me to stand up while I'm looking at that beauty. Breaking decade long trend? On HISTORIC volume? After 5 year-long accumulation cycle of higher highs and lower highs? It's a wrap. Historic searches in Google trend imgur.com Outpacing any other 'short squeeze searches' imgur.com Top Silver miner CEO says they are running low on supply, hinting this could be a trigger twitter.com Top silver sites are already running low on the amount of Silver available in the market place twitter.com twitter.com Short interest on AG at all time high twitter.com Silver Supply is the lowest in a DECADE imgur.com I can honestly go on, but you get the point.... Buy the damn stock and wait for that 180% target.
NYSE:AGLong
by johnwright35879
2
Looking for Silver to outperform EtherFor the record, I hold both and I'm a fan of both. It's no big secret that Ether is a huge performer of recent weeks and has some great potential upside in it. Silver has been consolidating but was coiling for a breakout even before the silversqueeze campaign. (One of my other charts shows how that has kicked off). We're showing signs of exhaustion on XAG/ETH so will be keeping a close eye in the next week or two but the signs are looking good for Silver to ascend quicker than Ether
TVC:XAGETHLong
by Adnan_The_Barbarian
For those of you wondering how silversqueeze is going...A few quite prominent analysts have bashed the idea that the campaign is behind silver's ascent, saying it was due a breakout. It is true, Silver was due a breakout as was Gold. Platinum has arguably broken out and fallen away. As the chart shows, I think Silver would have been slapped down like the other two (as has happened several times in the last few months). Targets range from between $39 and $50 dollars for this next leg up and that was before the campaign. This could go even higher with the added push. Expect noise and volatility
SLong
by Adnan_The_Barbarian